## **The Ok Foundation**
Charity No. 1128424
Trustees Report and Unaudited Accounts
31 December 2024
## **The Ok Foundation**
## **Contents**
|Trustees Annual Report|4|
|---|---|
|Independent Examiner’s Report|5|
|Statement of Financial Actvites|6|
|Balance Sheet|7|
|Statement of Cash Flows|17|
|Notes to the Accounts|8-16|
|Details Statement of Financial Actvites|18|
## **Ok Foundation**
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1128424**
## **Principal Office**
Nutwood House Nutwood Gardens Hertfordshire EN7 6UP
## **Trustees**
The following Trustees served during the year:
Thomas Burke Emmanuel Omideyi Christina Omideyi – Trustee Chair Michele Rahman-Riding Canaan Church
## **Key Management Personnel**
## **Accountants**
Debo Konsult 33 Lulworth Crescent Mitcham Surrey CR4 3RB
## **Bankers**
Barclays Bank Tottenham Branch Leicestershire, LE87 2BB England
**Solicitors**
**Investment Advisors**
## **Ok Foundation**
## **Trustee Annual Report**
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document as: The relief of financial hardship and the preservation and protection of good health but not exclusively among those who have had or are having difficulties within the family or other relationships and among the homeless by the delivery of advice, counselling, assistance, support, and information. To advance the education of the public in the art of music, but not exclusively by encouraging the use of music in church worship and by organising concerts and musical workshops
The main activities undertaken in relation to those purposes... Social cohesion and personal wellbeing through good music, great food, and engaging events.
## **Funding**
Members of the Trustees are satisfied that all the funds received are detailed and applied in accordance with the donor’s request. Assets are available to fulfil obligations related to each individual fund.
## **Reserves Policy**
The total reserves as at the end of the year are detailed on the balance sheet page and are in accordance with the Charity reserves policy.
**General reserves** – The Charity maintained a general reserves to secure the daily operation of the Charity. Judgements are made at the end of each fiscal year to transfer 10% to the designated funds to secure the continued future operation where fundings are limited and unavailable.
**Designated Funds** - Funds are maintained and kept for future operation of the Charity and for the replacement of assets. Leasehold assets are all in designated funds.
**Restricted Funds** – Historically, all funds received are kept in restricted fund in accordance with the donor’s request. Where funds are not used due to operation circumstances, such funds that remains shall be in reserve and carry forward to another year.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees.
C. Omideyi
**Chair of Trustees Trustee** 31 December 2024
**The OK Foundation**
**Independent Examiners Report**
## **Independent Examiner's Report to the trustees of The OK Foundation**
I report to the trustees on my examination of the accounts of The OK Foundation for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and the related notes.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act;
or
- the accounts do not accord with those records; or
- the accounts did not comply with the applicable requirements concerning the form and content of
- accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
## S.A OGUNBIYI
Debo Konsult 33 Lulworth Crescent Mitcham
Surrey CR4 3RB
31 December 2024
**Page 5**
## **The OK Foundation Financial Statements**
## **For the year ended 31 December 2024**
**----- Start of picture text -----**
Unrestricted Restricted
Total Funds Total Funds
Funds Funds
2024 2024 2024 2023
Notes £ £ £ £
Income and Endowments from:
Donation and Legacies 3 1,003 - 1,003 985
Charitable Activities 4 21,692 63,658 85,350 33,728
Other 5 11,881 - 11,881 15,284
Total 34,576 63,658 98,234 49,997
Expenditture on:
Charitable activities 6 - 49,033 49,033 33,728
Other 7 24,139 - 24,139 12,797
Total 24,139 49,033 73,172 46,525
- - - -
Net gains on Investments
Net Income/(Expenditure) 10,437 14,625 25,062 3,472
Transfers between funds
Net Income/(Expenditure) before other gains/(losses) 10,437 14,625 25,062 3,472
- - - -
Other gains and losses
Net movement in funds 10,437 14,625 25,062 3,472
Reconciliation of funds:
-
Total funds brought forward 19,951 19,951 16,479
Total funds carried forward 30,388 14,625 45,013 19,951
**----- End of picture text -----**
Page | 6
**The OK Foundation Balance Sheet**
## **At 31 December 2024**
**----- Start of picture text -----**
Charity No 1128424 Notes 2024 2023
£ £
Fixed Assets
Tangible Assets 10 23,286 17,820
23,286 17,820
Current Assets
Cash at Bank and in hand 25,981 8,090
25,981 8,090
Creditors : Amount falling due within one year 11 - 4,254 - 5,959
Net Current liabilities 21,727 2,131
Total Assets less Current Liabilities 45,013 19,951
Creditors : Amount falling due after more than one year 12 - -
Net Assets excluding pension assets or liabilities 45,013 19,951
Total net assets 45,013 19,951
The Funds of the Charity
Restricted funds 13 -
Unrestricted funds 13
General Funds 19,951 16,479
Designated Funds 25,062 3,472
45,013 19,951
Reserves - -
Total funds 45,013 19,951
**----- End of picture text -----**
Signed on behalf of the charity's trustees.
C. Omideyi **Chair of Trustees Trustee** 31 December 2024
Page | 7
**The Ok Foundation Notes to the Accounts**
**for the year ended 31 December 2024**
## 1 **Accounting policies Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Change in basis of accounting or to previous accounts.**
There has been no change to the accounting policies (valuation rules and method of accounting) since last
|**Fund accountng**|year and no changes have been made to accounts for previous years.|
|---|---|
|Unrestricted funds|These are available for use at the discreton of the trustees in furtherance of the|
||general objects of the charity.|
|Designated||
|funds|These are unrestricted funds earmarked by the trustees for purposes. These are|
|Revaluaton
funds|unrestricted funds which include a revaluaton reserve representng the
restatement of investment assets at their market values.|
||These are available for use subject to restrictons imposed by the donor or through|
|Restricted funds|terms of an appeal.|
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity. income becomes entitled to, and virtually certain to receive, the income and the amount.
of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
|nditure
reported|gross in the SoFA.|
|---|---|
|Donatons and|Voluntary income received by way of grants, donatons and gifs is included in the|
|legacies|the SoFA when receivable and only when the Charity has unconditonal|
||enttlement to the income.|
|Tax reclaims on|Income from tax reclaims is included in the SoFA at the same tme as the|
|donatons and gifs|gif/donaton to which it relates.|
|Donated services||
|and facilites|These are only included in income (with an equivalent amount in expenditure)
where the beneft to the Charity is reasonably quantfable, measurable, and|
||material.|
|Volunteer help||
|Investment income|The value of any volunteer help received is not included in the accounts.|
|Gains/(losses) on|This is included in the accounts when receivable.|
|revaluaton of fxed||
|assets|This includes any gain or loss resultng from revaluing investments to market value|
||at the end of the year.|
|Gains/(losses) on||
|investment assets|This includes any gain or loss on the sale of investments.|
Page | 8
**Expenditure** Expenditure is recognised on an accrual’s basis. Expenditure includes any Recognition of VAT which cannot be fully recovered and is reported as part of the expenditure expenditure to which it relates. These comprise the costs associated with attracting voluntary income, Expenditure on fundraising trading costs and investment management costs. raising funds Expenditure on These comprise the costs incurred by the Charity in the delivery of its charitable activities activities and services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of Governance costs the year but not yet paid.
These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, Other expenditure together with a share of other administration costs.
These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates to write off each asset over its estimated useful life:
Fixture and Fitting Straight line 20% Plant & Machinery Straight line 10% (Mainly Cooking Utensils) Motor Vehicles Straight line 20%
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Intangible fixed assets and amortisation**
Intangible fixed assets (including purchased goodwill, patents, and trademarks) are carried at cost less accumulated amortisation and impairment losses.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page | 9
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short-term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are considered in arriving at net income/expenditure.
## **Leased assets.**
Where the charity enters a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. If lease incentives are received to enter operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Page | 10
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid
the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
## **The OK Foundation Notes to the Accounts**
|||||
|---|---|---|---|
|**2. Statement of Financial Activities - Prior Year**||||
||**Unrestricted**
**Funds**
**2023**|**Restricted**
**Funds**
**2023**|**Total Funds**
**2023**|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Others
**Total**
**Expenditure on:**
Charitable activities
Others
**Total**
**Net Income**
**Net Income before other gain/(losses)**
**Other gain and Losses**
**Net movements in funds**
**Reconciliation of Funds**
Total funds brought forward
**Total funds carried forawrd**|**£**
985
-
15,284|**£**
-
33,728
-
33,728
26,786
-
26,786
6,942
6,942
**-**
6,942
-
**6,942**|**£**
985
33,728
15,284|
||16,269
-
19,739||49,997
26,786
19,739|
||19,739
||46,525|
||3,470
-||3,472|
||3,472
**-**||3,472
-|
||3,472
16,479||3,472
16,479
|
||**19,951**||**19,951**|
Page | 11
## **3. Income from donations and legacies**
**----- Start of picture text -----**
Unrestricted
Total Total
Funds
2024 2023
£ £ £
Income and endowments from:
General Donation 1,003 1,003 985
1,003 1,003 985
4. Income from charitable activities
Unrestricted Restricted
Total Funds Total Funds
Funds Funds
2024 2024 2024 2023
£ £ £ £
Core activities - - -
Grant - BroxBourne Council - 10,500 10,500 5,500
Grant - National Lottery 21,692 26,264 47,956 9,860
Grant - HubBub Foundation - 10,000 10,000 11,000
Grant - Haringey - 550 550 4,675
Grant - Goffs Oak Methodist - 2,650 2,650 833
- -
Grant - City of London 13,694 13,694
Grant - BGS - - - -
- - -
Grant - The Bridge
Grant - J H Rausing Trust - - 1,860
21,692 63,658 85,350 33,728
5. Other Income
Unrestricted Restricted
Total Funds Total Funds
Funds Funds
2024 2024 2024 2023
£ £ £ £
Other Income 2,787 - 2,787 958
Rental Income 9,094 - 9,094 14,326
- - - -
-
11,881 - 11,881 15,284
**----- End of picture text -----**
Page | 12
## **6. Expenditure on charitable activities**
**----- Start of picture text -----**
Unrestricted Restricted
Total Funds Total Funds
Funds Funds
Expenditure on charitable activities:- 2024 2024 2024 2023
£ £ £ £
Grant - BroxBourne Council - 5,723 5,723 5,500
-
Grant - National Lottery 28,620 28,620 9,860
Grant - HubBub Foundation - 5,450 5,450 11,000
Grant - Haringey - 336 336 4,675
Grant - Goffs Oak Methodist - 1,444 1,444 833
-
Grant - City of London 7,461 7,461
Grant - BGS - - -
- - -
Grant - The Bridge
Grant - J H Rausing Trust - - 1,860
- 49,033 49,033 33,728
7. Other Expenditure
Unrestricted Restricted
Total Funds Total Funds
Funds Funds
Other Expenditure:- 2024 2023
£ £ £ £
- - -
Employe Cost
Premises 22,647 - 22,647 9,265
- - -
Amortisation, Depreciation 1,002
- - - -
Impairment, profit/loss on disposal
General administrative costs 746 - 746 2,230
Legal and Professional costs 500 - 500 300
Other Cost 246 - 246 -
24, , 139 - 24,139 12,797
**----- End of picture text -----**
During the financial year, the following donors provided the Charity the use of their premises and materials which are distributed to beneficiaries within the locality we serve. The costing below is based on reasonable estimate in accordance with daily record kept by voluntary helpers.
**----- Start of picture text -----**
Unrestricted Restricted
Total Funds Total Funds
Funds Funds
2024 2023
£ £ £ £
-
Lordship Recreational Hub Café - Premises 12,000 12,000 12,000
Goff's Oak Methodist Church - 4,800 4,800 4,800
nkind Direct - Toiletries - 6,875 6,875 5,500
-
Giving World - Toiletries 1,743 1,743 1,700
Volunteers - Non Professional - 47,232 47,232 46,080
Volunteers - Professional - 29,616 29,616 23,040
Felix Project - 37,800 37800 36000
- 140,066 140,066 129,120
**----- End of picture text -----**
Page | 13
## **8. Net Income/(Expenditure) before transfer**
**----- Start of picture text -----**
Unrestricted Restricted
Total Funds Total Funds
Funds Funds
2024 2023
This is stated after charging: £ £ £ £
-
Depreciation of owned fixed assets 2,589 2,589 1,002
- - - -
2,589 - 2,589 1,002
9. Staff cost 2024 2023
£ £
- -
Salaries and wages
**----- End of picture text -----**
**10. Tangible Fixed Assets**
|**Cost or revaluation**
At 1 January 2024
Additions
At 1 December 2024
**Depreciation and impairment**
At 1 January 2023
Depreciation charge for the year
**Net book values**
At 31 December 2023
At3 1 December 2024|**Land and**
**Buildings**
**£**
16,026
-|**Vehicles**
**Fixture and**
**Fitting**
**£**
**£**
-
2,174
8,056
-|**Vehicles**
**Fixture and**
**Fitting**
**£**
**£**
-
2,174
8,056
-|**Plant and**
**Machinery**
**Total**
**£**
**£**
5,621
23,821
121
8,177
**5,742**
**31,998**
4,577
6,122
543
2,589
**5,120**
**8,711**
1,044
17,699
**622**
**23,286**|
|---|---|---|---|---|
||**16,026**|**8,056**|**2,174**||
||-|-
1,611|1,545
435||
||**-**|**1,611**|**1,980**||
||16,026|-
|629
||
||**16,026**|**6,444**|**194**||
||||||
||||||
|**11. Creditors**|||||
||||**2024**
**2023**||
|Amount falling due within one
Accrual and deferred income|year||**£**
**£**
4,254
-
5,959
**4,254**
**-**
**5,959**||
||||||
||||||
|**12. Debtors**|||||
||||**2024**
**2023**||
|Amount falling due after more
Other Creditors|than one year||**£**
**£**
-
-
**-**
**-**||
Page | 14
## **13. Movement of funds**
**----- Start of picture text -----**
Income
At January (Including Resources At December
2023 other expended 2024
gains/(losses)
Restricted funds:- £ £ £ £
Grant - BroxBourne Council - 10,500 - 5,723 4778
Grant - National Lottery - 26,264 - 28,620 -2355
Grant - HubBub Foundation - 10,000 - 5,450 4550
Grant - Haringey - 550 - 336 215
Grant - Goffs Oak Methodist - 2,650 - 1,444 1206
Grant - City of London 13,694 - 7,461 6233
Grant - BGS - - 0
Grant - The Bridge - - 0
Grant - Luton Dunstable - - 0
Total - 63,658 - 49,033.14 14625
Unrestricted funds:-
- -
Designated Funds:- 19,951.00 19,951
General fund - - -
Donation 22,695 - 22,695
Core activities - - -
Other Income 11,881 - 24,139 - 12,258
19,951.00 34,576 - 24,139 10,437
Revaluation Reserves
Total Funds 19,951 98,234 - 73,172 45,013
**----- End of picture text -----**
## **14. Analysis pf net assets between funds**
|**Restricted funds:-**
Fixed assets
Net Current assets|**Unrestricted**
**funds**
**£**
23,286
4,254
-|**Restricted**
**funds**
**Total**
**£**
**£**
-
23,286
25,981
21,727
**25,981**
**45,013**|
|---|---|---|
||**19,032**||
## **15. Reconciliation of net debt**
|**15. Reconciliation of net debt**||||
|---|---|---|---|
|Cash and cash equivalents
Total|**At January**
**2023**
8,090|**Cash Flows**
17,891|**New**
**HP/Finance**
**leases**
**At December**
**2024**
-
25,981
**-**
**25,981**|
||**8,090**|**17,891**||
Page | 15
## **The OK Foundation**
## **Statement of Cash Flows**
**For the year ended 31 Dcember 2024**
||**2024**
**2023**|
|---|---|
|**Cash flows from operating activities**
**Adjustments for:-**
Depreciation of property,Plant and Equipments
Dividebd, interest and receipts from investments
Increase in trade and other payables
**Net cash provided by /used in operating activities**
**Cash flows from Investing activities**
DIVIDENDS,INTEREST AND RENTS FROM INVESTMENT
**Net cash from /used in operating activities**
**Net cash from financing activities**
**Net increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalent at the beginning of the year**
**Cash and cash equivalent at the end of the year**
**Componets of cash and cash equivalents**
Cash amd bank Balances
Net income/(Expenditure) per statement of Financial Activities|**£**
**£**
25,062
3,471
-
978
1,002
11,881
-
15,284
-
2,546
2,546|
||**16,705**
**15,207**
**-**
11,881
15,284
**11,881**
**15,284**
-
-
17,891
6,263
-
8,090
14,353
**25,981**
**8,090**
25,981
8,090
**25,981**
**8,090**|
Page | 16
## **The OK Foundation**
**Statement of Financial Acrivities For the year ended 31 December 2024**
|**The OK Foundation**
**Statement of Financial Acrivities**
**For the year ended 31 December 2024**||||||
|---|---|---|---|---|---|
|**Income and Endowments from:**
Donation and Legacies
General Donation
Charitable activities
Core activities
Grant - BroxBourne Council
Grant - National Lottery
Grant - HubBub Foundation
Grant - Haringey
Grant - Goffs Oak Methodist
Grant - City of London
Grant - BGS
Grant - The Bridge
Grant - Luton Dunstable
**Total**|**Unrestricted**
**Funds**
**2024**
**£**
1,003||**Restricted**
**Funds**
**2024**
**£**
-|**Total Funds**
**2024**
**£**
1,003|**Total Funds**
**2023**
**£**
985|
||**1,003**
-
21,692
-
-
-||**-**
-
10,500
26,264
10,000
550
2,650
13,694
-
-
-|**1,003**
-
10,500
47,956
10,000
550
2,650
13,694
-
-
-|**985**
-
5,500
9,860
11,000
4,675
833
-
-
-
1,860|
||**21,692**||**63,658**|**85,350**|**33,728**|
|Individual Contributions
Other income
**Net movement in funds**|9,094
2,787||-|9,094
2,787|14,326
958|
||**11,881**||**-**|**11,881**|**15,284**|
|**Total Income and Endowments**|34,576||63,658|98,234|49,997|
|**Expenditure on:**
Core activities
Grant - BroxBourne Council
Grant - National Lottery
Grant - HubBub Foundation
Grant - Haringey
Grant - Goffs Oak Methodist
Grant - City of London
Grant - BGS
Grant - The Bridge
Grant - Luton Dunstable
**Total of Expenditure on Charitable Activities**
Premises Cost
- Rent
- Rate
- Light, Heat and power
- Other Premises cost|-
-
-
-
-||-
5,723
28,620
5,450
336
1,444
7,461
-
-
-|5,723
28,620
5,450
336
1,444
7,461
-
-
-
-
0|0
5500
9860
11000
4675
833
0
0
0
1860
0
0|
||**-**
10,478
7,142
1,275
-||**49,033**
0
0
0
0|**49,033**
10478
7142
1275
0|**33,728**
7261
3234
0
12|
||**18,895**||**-**|**18,895**|**10,507**|
|Depreciation of fixture and fitting
Depreciation of Plant and Machuneries
Depreciation of Motor Vehicles
General insurance
Telephone, Fax and Broadband
Legal and Professional Cost:
Audit/Independent Examination fee
Total Exenditure of other cost
Total Expenditure
Net gain on Investment
Net Income /(Expenditure)
General administive costs, including
depreciation and amortisation|435
543
1,611
1,428
727||0
0
0|435
543
1611
1428
727|0
298
352
1446|
||**4,744**
500||**-**
0|**4,744**
500|**2,095**
194|
||**500**||**-**|**500**|**194**|
||**24,138**||**-**|**24,138**|**12,797**|
||**24,138**
**10,437**||**49,033**
**14,625**|**73,172**
**25,062**|**46,525**
**3,472**|
||**10,437**||**14,625**|**25,062**|**3,472**|
|||||||
Page | 17